Long

Bitcoin finding support, will we drop or bounce?

Updated

Bitcoin finding support. I've decided to re-enter here with a stop loss under previous support based on indicators showing oversold and we have stalled at this level. Price testing .618 fib levels is my preferred buy-in given we have some higher lows recently. Bearish argument also due to lower highs. There's always an element of risk, market could drop further hence my stop loss. Not financial advice folks, just sharing my thing here. Would love to hear other opinions and feedback.

Note

Still holding my position waiting for price to top out.. we have strong resistance at just under $6800. Will be interesting to see if we can break this for a higher high or retrace back down.

fxtraderanthony

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